Cost Plus Construction Contract With Gmp In Fulton

• Category: Construction - Contractors
• State: Multi-State
• County: Fulton
• Control #: US-00462
• Format: Word; Rich Text

Description

The Cost Plus Construction Contract with GMP in Fulton is a legal agreement outlining the terms under which a contractor will complete a residential construction project for the owner. Key features include clear definitions of scope, work site, and responsibilities concerning permits, insurance, and soil conditions. Notably, the payment structure allows for a reimbursement of actual costs plus a fixed fee for services, accommodating adjustments through written change orders. This flexibility makes the contract particularly useful for property owners who may need to modify project specifications as work progresses. The form's provisions for insurance and late payments also protect both parties, ensuring compliance and accountability. Attorneys, partners, and owners will find this form valuable as it provides essential legal protections, aligns responsibilities, and establishes financial agreements. Additionally, paralegals and legal assistants benefit from straightforward instructions and fillable areas to facilitate completion.